This is a short trade idea for Gold.
In AriasWave terms this move appears to be a Weak 5-Wave Move.
Each wave to the downside subdivides as a Zig-Zag.
It appears that we have seen Waves 1 & 2 completed.
At this point we have seen a 5-Wave move down followed by the first wave of the correction that has retraced .618%.
Entry: At Market
Stop: $1834
Target: TBA
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
In AriasWave terms this move appears to be a Weak 5-Wave Move.
Each wave to the downside subdivides as a Zig-Zag.
It appears that we have seen Waves 1 & 2 completed.
At this point we have seen a 5-Wave move down followed by the first wave of the correction that has retraced .618%.
Entry: At Market
Stop: $1834
Target: TBA
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
